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Search Results 0 to 49 of about 124 (some duplicates have been removed)
CNBC
Jan 12, 2013 4:00am EST
is performing and has put the whale behind him. that said, i don't want you to buy it or any of the banks ahead. it's too hard. especially after wells fargo dropped today. even though it reported a pretty darn good quarter. we get results from ebay. the longest time i have stood behind ebay, but my charitable trust recently sold it after a huge run-up. it kept going higher. this stock, though, did get hammered the last time it reported because the market failed to recognize the inherent value of pay pal. the on-line credit card company buried within ebay. be ready to buy if this this happens again. my trust might be there with you. next up, kinder morgan energy partners, kmp. the partnerships finished 2012 terribly, in part because the people were worried that the tax breaks they enjoyed would be erased by the fiscal cliff. buyers are still skittish because they remain under a cloud, a cloud of low natural gas, the possibility of the debt ceiling negotiations might include new revenue raised by taxing them. you know what, that's the same old-same old. i don't care about it. i like kinder morgan
CNBC
Jan 10, 2013 12:00pm EST
knows where it's really going. those charitable costs for him of fungible. i don't want to get into him and what he's doing and how he's doing. that sounds good but is he going to take 100% of the profit, no participant in his fund is going to get a single penny, 100% of it? i'll believe that when i see it. >> the s.e.c., there are indications reportedly that they've opened an investigation into herbal life. we don't know the details but a senior official told cnbc that multi-level marketing in general has been a subject of ongoing interest to them. what can you tell us about the s.e.c. investigation? >> we answered that this morning i have nothing to say beyond that. >> what are the possibilities you'll see bill ackman for what he's done? >> no comment. >> no update on that? >> no. >> here is the final question for you, michael. what is the heart of the business, sales or distribution? >> the heart of the business is product and product results that people get every day from taking an herbalife shake, the skin care product, that's the heart -- it's the product. you said last question.
FOX Business
Jan 7, 2013 6:00pm EST
a study on us. the joke is a study to me he met i don't know, maybe the guy with the gold shirt will help them. [laughter] [talking over each other] >> all right,. melissa: that is all the "money" we have for you today. "the willis report" is coming up next. gerri: tonight, welfare recipients taking out cash outstripped countless we have details of a disturbing new story. welcome to "the willis report" we begin tonight with fears of tighter gun restrictions across the u.s. now there is growing concern say new legislation may soon put them out of business. joining me now is north american firearms. a gun store outside of chicago. welcome to you all. it's great to have you here. i am going to start with bernadette. take a look at the numbers here. it is unbelievable. we have had twice as many gun sales in november to december, as many background checks on the same time a year ago. it is astonishing how many guns are being sold across this country. what are your customers telling you about why they are buying? >> they are saying if they don't buy the guns now, they fear for the band. not onl
FOX Business
Jan 7, 2013 9:00pm EST
they are buying? >> they are saying if they don't buy the guns now, they fear for the band. not only here in the state of illinois, but of course in the united states. and theears are now more than they ever have been. gerri: essentially we are talking about the president having a working group. we don't really know what they are yet, although we have said universal background checks for all gun buyers, mental health examinations and tougher penalties for those carrying firearms near schools. that is what the white house is talking about. a lot of people don't like this. tell me, what are you afraid of? what do you think this is bringing on for you? >> well, you kno the main thing is it is all speclation. what it is doing is clearing out and on the surface that may seem good for business. but the problem is our distributors and the people that we actually purchase our weapons from for our customers -- they are holding back amongst everything. you know, the whole gun industry just in general is out of whack. everything is out of whack. gerri: you told our producers that you are afraid that
CNBC
Jan 10, 2013 6:00pm EST
lee. meantime, don't go anywhere because "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. other people want to make friends, hey, i'm just trying to help you save a little money. my job is not just to entertain, but i'm trying to coach and teach you. so call me at 1-800-743-cnbc. just when you think the stock market can't keep rallying, when you think that stocks have gone up too far, too fast, the buyers, they come in with a vengeance today! ♪ hallelujah . dow climbed 82 points, closed the at a five year high. why did the stocks rally? why? sometimes it is pretty call cuable, simple, because the simplest driver on earth, china, reported a blowout export number showing the country's plans to reignite growth are, indeed, working and we believe in that. when that happens, buyers swarm in, they buy commodities, thinking how could they not rule now th
CNBC
Jan 9, 2013 5:00pm EST
, europe a mess, asia slowing. i would have to say, don't fight the fed. have a great night, everybody. stay with cnbc. here's "fast money" now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. clash of the titans, two hedge fund legends, one stock. where you should place your bet on herbalife. can hp split up and spit off? and digging for gold. a market mystery, why gold miner shares keep lagging the precious metal. we'll get the story. first, let's get to today's action. stocks holding firm, so, we ask, buyer, seller, guy? >> i don't have a crystal ball. and that's a third eye blind, song, by the way. big fans of the show. >> not me. >> stop, stop. get into the show. i still think the market trades very well. i think we are going to trade between 1525 and 1550 and i think that's when we're going to fail. coincide with the vix trading down around 12 and maybe, maybe yields getting up to 2%. i think it happens in the next couple of weeks. >> tim? >> you don't need a crystal ball to know that europe is rallying,
CNBC
Jan 10, 2013 6:00am EST
are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not going to go in as somebody's number two. >> john, was jack lew the first and only choice? >> that's been the principal focus of speculation from the beginning. i remember having a conversation with roger altman who is a friend of this program and somebody that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york tim
NBC
Jan 11, 2013 3:00am EST
energy independence, and by the way, the american technology behind them, don't forget that, we need to ask, how can this theme make us money? i mean, this is "mad money," not mad energy sufficiency. who are the principal winners from years of ultra cheap natural gas to come? the answer, the chemical companies. the plastic makers. because they're the big beneficiaries of the remarkably low cost of natural gas related feed stock, what goes into plastic. and the best of the best, dow chemical, ppg, westlake, eastman, georgia gulf and liondel basin. they thrive on the cost advantage of two of my absolute favorite gals when it comes to making plastic, poly and ethel. at this moment, only dow chemicals has done much to capitalize on the cheap domestic energy. the company is spending billions, taking advantage of the cheap natural gas plays in the good old usa. it's almost as if the bulk of the chemical companies don't believe natural gas is going to stay as low as it is. but i believe that 2013 will be the year when chemical companies build plants needed to take advantage of the inexpensi
FOX Business
Jan 11, 2013 3:00pm EST
for the last five years, and this is the first month with an impressive number, but the money is spent. you don't want to trade on that. the question is one month is not a trend make. we need to see what happens, but, again, i think why you're seeing this stall, if you will, near the highs is because of the technical analysis impacting the market. liz: got it. you prefaced that before you came on the show. ed to -- todd at the cme. when ben talks about that technical exhaustion on certain levels of the market, i mean, everybody's talking about 1470 for the s&p, and that's important to hold. what are you looking at? what are you talking about? >> good afternoon, liz. you know, we are -- the problem here is there's no volatility, no volume, way too much complacency in the market. liz: what are you looking at now? historically at this point? >> it's a downward trading at 70% of normal volume right now, and so the s&p is trading at about -- the s&p futures trieding at 75% of normal volume. when you see low volumes, it's overall way too come place sent. we know what happens when people are comfortab
CNBC
Jan 9, 2013 6:00am EST
. >> you ready? >> i am. i'm ready. ready to -- i don't know. i'm ready. >> you ready? >> i'm ready. i might -- i don't know. we'll see how i feel. no, i'll be here. >> okay. >> don't worry. >>> let's talk about boeing and the dreamliner. more news on the front page of many papers today. lots of continued problems including this one -- japan's all nippon airways canceled a boeing 787 dreamliner flight scheduled to flight from western japan to tokyo today. the airline citing brake problems. and this add to a series of setbacks for the aircraft this week. yesterday a fuel leak forced another 787 operated by japan airlines to cancel takeoff at boston's logan airport. and on monday, there was an electrical fire on another 787 after a japan airlines flight to boston from tokyo got -- caught fire. boeing's asian customers are rallying behind the planemaker, arguing the incidents are glitches that can happen to new planes. the customers say they have no plans to scale back or cancel orders for the aircraft, but maybe we can take a look at the stock. you can see it's kind of hit over the past
CNBC
Jan 8, 2013 3:00pm EST
sheets. >> china looking better, europe not as bad. >> you're, i don't know about that. >> well, we call this the economy in a coma. basically without these trillions of dollars of stimulus, we would be in a downturn, in a depression because we also have 42 trillion in private debt, the greatest debt bubble in history and that needs to unwind. basically ben bernanke and the economists are just saying we're just not going to let this slowdown happen. we're not going to let the debt de-leverage. if you don't let the debt de-leverage or restructure japan, the same thing japan has done, quantitative easing forever, you never come out of this because the debt keeps weighing on the economy so not only do you have slowing demographics. we've got a 200 to 300-pound weight on our back and you can't run very fast. we get 2% growth with massive life support. we're in the emergency room on life support only because of this trillions of dollars of stimulus. i guarantee -- >> what's the catalyst? >> you take away this stimulus for one year, and this economy dies. >> harry, stay right there. want to ge
FOX Business
Jan 6, 2013 4:00am EST
or the life style as much as what they will do to create new jobs. but they won't because they don't know how much they will be asked to pay their fair share. tell me a percentage. fe will not do it. right now the average person will pay almost 44 percent of federal taxes and including state or local. how much is enough? gerri: here in new york city will local taxes and real estate it is almost that 60 percent. succession dollars going to3 government it is almost too much to take. talk about the do nothg congress. the debt ceiling and this week people are getting paychecks for the first time. >> people will be surprised the president said if you make less than $250,000 you will not pay one dime. they are paying a lot of times. making $50,000 will be on the hook of additional $1,600. you don't have that to give the government so they can waste it to borrow more money. it will hit people hard. ha and then add the obamacare tax and the economy will be in a world of hurt. gerri: maybe there is a tax revolution. people may make calls to congress. o knows? >> i do think there will be a revolt from
CNBC
Jan 8, 2013 6:00am EST
and played -- i don't know. it was bad. >> i really went to bed. >> if i didn't stay up the previous night -- >> i know. >> you didn't stay up for it? >> i did not. and if i didn't stay up to that, i'm not staying up for some football game, i'll tell you that. >> my soap opera boys who are here. >> i was thinking about you watching the -- because we hadn't seen the actual end of season two. and i was thinking about what you're missing. there's no way you should not be watching it. >> eventually i will watch it. >> there are. >> i can watch the one that's on. i need to watch it when i -- it's like the new way people view. when you can, when you get a chance. >> did you see that michelle caruso cabrera has the third season on dvd? >> she gave me my soap. >> she did? >> she did. >> she came over the other day. you weren't there at the time, but she was going to show them off. >> yeah. >> let's start with the markets this morning, as well. the s&p retreating from a five-year high yesterday. the stocks finished the session off their lows. u.s. equities are indicated a little weaker. dow futures
CNBC
Jan 11, 2013 6:00am EST
to me, a lot to you. >> but when you look at the federal debt, maybe not a lot? >> i don't know. i don't know. and you know what? i don't know -- i don't know how big -- >> but at the beginning of the year, you always see a big -- >> and because everything is always contrainan in the stock market and because people rush in at top, i don't necessarily want it to be really big because if it's really big, people are getting ready to -- so i don't know whether it is big. >> you would also think that people would look at this as the prospects for lows on the interest rates. they would say the bond market isn't where i want to be so i'm going to go out on the risk spectrum a little bit. >> i'm still looking in terms of the earlier numbers. >>> let's get to the top corporate story of the morning. it is boeing. phil lebeau is+++j™n dreamliner. the review is likely to include a study of the design and electrical portions of the plane. we will bring you all that news at 9:00. it's 9:30. there it is. phil will join us from d.c. with more in the next half hour. we'll take a look at boeing shares
CNBC
Jan 7, 2013 6:00pm EST
don't like money put to work on the up ones. particularly down days caused by the washington curse -- ♪ >> that sadly even seem to infect the great rg3 this weekend. these themes work when the market is down hard as it was earlier today before rebounding moderately. first theme, number-one theme -- the return of the banking business as an investable place to put your money. for five years now we've been under pressure, these bank stocks, under pressure -- one thing or another. it may be because they had to fight to survive or they had to flood the market with new capital, raise capital, meet the requirements, deal with the legacy of many bad loans, take on the federal reserve which has pushed rates so low that it's difficult for banks to make money versus the deposits you provide them. right? they lend, it's so little verse us what they're paying you, they can't make it. it's called net interest margin. they can't make enough off of them. at the end of 2012, we began to get a sense that the cloud was lifting, courtesy of a remarkable run in bank of america which doubled and then
CNBC
Jan 11, 2013 9:00am EST
. people can't just respect you, they have to fear you. if they don't fear you, they will not make the necessary changes. >> is there anybody out there who could be that person? >> too early to tell. we just had an election. people are already starting to talk about the horse race for 2016. you do elections -- >> hillary's up. >> we have a serious, serious problem that we need to address. fiscal, education, immigration, infrastructure, health care costs. i can go on and on. even the guns issue. >> the show is over. thank you for being here. >> it's a pleasure. >>> thank you, david. have a great weekend, everybody. right now it's time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber at the new york stock exchange. let's look at futures on a friday morning. mild action here. we are paying attention to the mutual fund inflows. as for europe, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high.
CNBC
Jan 9, 2013 2:00pm EST
. we will tell you why and ask if history is just plain wrong this time. don't look now but facebook is bouncing back. stock above 30. is it time to get in and cut your losses and run. class of head fund titans over a very unlikely company. if you can't be in vegas for ces, don't worry. we will bring you some of the whoest trends right to you. sit back and relax, mandy. >> i will second that, everybody. hello, nasdaq now has gone positive for the week. so far. with today's gains and s&p and pretty close as well. the reason why this is interesting to watch is that if the average is closed this week with losses, they will have the nated between gains and losses for six straight weeks. rick santelli and bob, am i right in thinking there are little signes this could be better than expected this season? >> yes. you're right. on both counts. it is early but there is very interesting announcements in the last 24 hours. let me show you four of them moving all of their respective sectors. alcoa, very bullish on china. danaher, big multicountry business. earnings above expectations. seagate, t
CNN
Jan 12, 2013 10:00am PST
explains why we still don't have a budget and how our elected officials have bungled a basic business process most of us handle with ease. a must see. "your money" starts right now. jo america's road to economic recovery is wide open, right in front of us, if our elected officials don't put major blocks in your way. i'm ali velshi. debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money
CNBC
Jan 7, 2013 6:00am EST
're at a disadvantage? >> they're at a huge disadvantage. they expected this to happen. i don't know how far -- they were all focussing on 2015. we'll see. >> and wouven my resolutions was i was going to start stepping out a little fashionwise. so i put this on today. it's not white. it's not blue. it's pink. and i am trying to set some new ground for myself and then -- i mean, i look at that thing that -- why are you on me? why are you on me? who is directing? >> go to andrew. thank you. >> it's a gray shirt. >> can you get any closer on that? >> it looks better -- you have to see the pattern. and then the collar itself, that's one of four different collars you can have on that shirt,ite? that comes off, right? >> no. >> that's one of those detachable. >> i think it does look better on camera. >> it's okay. >> when i look at it on camera, take another shot from andrew's head on. >> does it steal my thunder, sort of? >> it looks better on camera. it really does. >> that's a backhanded compliment. >> no, but we talk about that all the time. it looks better on camera. that looks good on camera
CNBC
Jan 8, 2013 12:00pm EST
in china. i think because of that these industrials can do very, very well. i don't know that it will be this quarter but i think going forward the industrial space is a base we can move off of but the financials will put us to the upside. we get to the xof, close above that 17 level for a couple days in a row, get into the earnings season and jpmorgan can put the flash in there, we're going higher. >> what is the retreat in stocks telling you now? >> i think this is the most constructive thing that could be happening. this is what you want to see if you're bullish. we're very close to new highs and you've consolidation on very low volume. my favorite feature of the option this week is the fact that correlations continue to stay almost nonexistent. in other words, even when you have down days, you have money that continues to work. i'd like to see them rotate sector to sector without a lot of panic. even though we're opening down and staying down. >> it looks like we may start off getting out over our ski as little bit. let's folks on the vix. the vix is down in the $14 r
CNBC
Jan 11, 2013 3:00pm EST
doesn't shoot themselves in the foot in the next two months, which is a possibility, but if they don't, we think the economy is going to do well this year. we think stocks will go higher. inflation is relatively tame, pes relatively low. so even we're at a five-year high, higher and we went down. we think the market is poised to do better over the next year and actually over the next three to five years. >> michael, where are you putting money to work right here at a portfolio manager? >> well, we're putting it all over the place because we run a diversified funds so precious metals, shorter-term bonds because of the potential of higher rates and high grade corporates as well as equity markets, both u.s. and non-u.s. in the short term the stock market can outperform while the economy does not, but in the longer term those two things are going to come back to equilibri equilibrium, so, you know, the market is at a high here, corporate earnings in q3 were very weak. i think q4 earnings will tell a lot, and i think the political dynamic coming up in march is going to be interesting. i d
CNBC
Jan 10, 2013 9:00am EST
hill, that could mean trouble. >> i don't see him grabbing a mike which is what i want. i think one of the things that really hurt this whole process is people coming in front of a microphone saying that the talks are bad. leave it in the locker room. especially if you're looking at it as an investor. what really 457ed in the fourth quarter. owning stock, making decisions and someone would come on air and say this is a disaster, no way we could -- i just want quiet. even if it's no, no, no, i want quiet. maybe this man, forest hills man -- >> forest hills high school, too. queen, baby. got to bring inthe hometown. probably a mets fan like me, so he has that going for him, too. but -- >> that could be no, no, no. >> obama in a tough place. could you nominate a former banker? unlikely. could you nominate a ceo? >> i thought they could do dave cody. there's a story in the "new york times" about how everyone has a vested interest. i know dave cody personally and professionally. his vested interest in anyone who read his white paper is to cut trillions out of the budget so we do not beco
CNBC
Jan 9, 2013 12:00pm EST
>>> on this wednesday, facebook is set to unveil something, we don't know what, next tuesday to members of the media. they have offered only these words as a clue on the invite. come and see what we're building. so on this morning's squawk on the tweet, what could they be building? richard writes, facebook is building its own mobile device. either a tablet or a smartphone. and lewis writes, building a real way to monetize mobile and a new line of hoodies for the fall collection, as well. those might sell. that does it for us. let's get to the headquarters. scott and the "fast money halftime." >>> all right. carl, thanks so much. welcome to the halftime show. four hours to go until the close and standing there on the street, green arrows across the board. the dow with a gain of 79 points. here's what we're following. apple's next bite. reports say a cheaper iphone in the works. is it a risk? debate at bank of america downgraded after leaving the dow in 2012. what is the best move days ahead of the earnings? two traders square off. first, the top story, the rebound. stocks comi
CNBC
Jan 9, 2013 4:00pm EST
've had a 16% run in the u.s. equity market and i don't feel like anybody celebrate that had at all. professional investors have gotten more bullish and individual investors still remain sidelined. lots of cash sitting out there. we know there's issues at hand and know the fiscal cliff is coming down the pike but more importantly the global growth story still remains intact. it is going to have a fair amount of bumps but through the bumps we're looking at using those types of opportunities to add risk assets to client portfolios. >> absolutely our share of issues. talk about this in my observation at the end of the show. rick, a lot of optimism about the direction of this market. you just can't fight the fed. where do you think interest rates are going to do, and that's going to dictate where you want to put your money because we're talking about zero returns elsewhere. >> yeah, i'll tell you what. here's the way i look at it. i think that we're going to have a giant hiccup in the form of activity slowing due to some of the things embedded in the grand bargain at the end of the year
CNBC
Jan 7, 2013 4:00am EST
going into 2013 and 2014. having said that, we don't see this as being the biggest issue and certainly in continental europe and perhaps particularly in the periphery where the growth outlook has been most negative over the last few months and quarters, it probably hasn't been the biggest constraint. so we don't really see it as a game changer either in credit creation or in growth or the prospects. >> it's been suggested we should ripped up basel and start again. do you have any comments on that? >> andy's conversation is one that resinates with those of us who work in the financial industry. we live in a world of great plexty and regulation. having said that, i do also think that the idea of rules can govern a complex gibson, intellectual appealing and problems. we do need to have rules that contain some of the allegations and successes that we saw over the last date. i think right now the key is to get the balance right. but at the same time, doesn't choke off credit creation. >> it was interesting this morning, do you see a little comparison between the u.s.? one of the things he t
CNBC
Jan 7, 2013 7:00pm EST
in 2001. i think the real problem here is that the message to iran is you don't have to make any deals, you don't have to make any compromises because there won't be any military pressure. the president used a lot of tough language during the campaign. i'm not for containment. he said i'm for prevention. all options are on the table. but hagel has said that a military option is not viable. never mind not wise, not viable. so i think this completely undercuts any notion that iran is under pressure. it oddly enough makes it probably more likely that there will in the end be a failure of negotiations and a military attack. but he doesn't seem to support the president's policy, at least in all the speeches hagel has made, he has been very soft on iran. >> all right. we'll leave it there. former secretary of state national security council eliot abrams, thank you very much. >>> all right. now to react to ambassador abrams, let's bring in our distinguished panel tonight. we welcome back general wesly clark and a former presidential candidate, cnbc contributor tony fratto, former bush 42 whit
CNN
Jan 6, 2013 12:00pm PST
nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it through and sometime late february, early march, they might. if congress doesn't act by then, the government risks not being able to pay some bills. if that's not enough. by march 1st, we could be heading off the sequester cliff. that's because the fiscal cliff deal that passed last week put off what to do with government spending for two months. blanket cuts are still mandated by law to take effect unless both parties can agree to more targeted cuts. now republicans will target entitlement. democrats will stand in their way, the gop will use the debt ceiling as a hammer to bang on the heads of democrats to try to get their way on cuts. if
CNBC
Jan 11, 2013 2:00pm EST
of this year. what about you, dan? bull or bear? >> i don't see how you can be a bear in the second half of the year when a lot of the fundamentals for the u.s. economy and companies look better in the second half of the year. certainly, if anything in the first half of the year, we deal with the tax cut. we all know that's about $120 billion sucked out of u.s. economy. certainly effecting savings rate and disposable income. so if anything there is more reasons to be negative in the first part of the year and leave alone the debt ceiling debate which could implode the earth. i don't see why i would be bullish in the first half and bearish in the second half. i disagree with gina on that. >> give us your case and we will let gene gentleman respond. >> listen, gina mentioned how the mark set looking for 2 percent plus grej. i that i is hardly a reason to sell off stocks. certainly there are medium to longer term reasons to be suspect with valuations but in shorter term either four quarter trailing, the u.s. stock market isn't particularly a screaming unattractive buy and certainly we are d
CNBC
Jan 8, 2013 9:00am EST
. >> absolutely. >> it's the size of the government. it's intrusion in our lives that's the problem here. we don't talk enough about it, the victims of this policy. it's all savers, particularly seniors, it is our children and grandchildren. what we're doing to them is utterly immoral. we've got to come to grips with that. >> senator, what are you going to do for the debt ceiling? is there a plan that gets us -- it's not going to be a grand plan. >> as a matter of fact, yes. the cbo has got a big thick book, and it shows $4.9 trillion of ways we can reduce spending. it's a menu. >> but you don't think we'll be doing that. are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live
FOX Business
Jan 8, 2013 4:00pm EST
. saying this would not be good for alcoa. options markets with a 40-cent move, don't know what the stock is doing but it seems i am wrong and the market is wrong, it must be higher. sandra: global aluminum demand forecasting it to be up 7%, larry, in 2013. that is a big turnaround from the demand we have seen. it is a really good indication to the economy pointing to an improvement in the economy. >> they are implying 6% to 7% demand growth. what is more important is supplies are even higher and beyond that it is really strong. aluminum still not trading. we will still see the utmost production of aluminum creating a bigger supply, longer and longer to see stocks. ashley: after hours up about $0.16 on the bid. do you see a lot of movement to the upside when it opens tomorrow? >> probably so. given the options market implied $0.40 move it seems a little bit more upside. i would still be a seller right now, a little rich given the price of aluminum will stay low. a little more upward momentum is in order for tomorrow morning. sandra: we will get to you when the s&p futures close. maybe cou
FOX Business
Jan 11, 2013 6:00pm EST
. don't become a pirate over the weekend. ♪ gerri: hello, everybody. i'm gerri willis. our video games -- are video games to blame for gun violence in this country? vice-president continuing his week-on meetings at the white house seeking ways to reduce gun violence in this country following last month's massacre in newtown, conn. today it was the video-game industry's turn. in those talks were publishers of some of the most violent games out there including electronic arts, activision blizzard his violent game, call of duty, one of the biggest moneymakers ever. this is what it is like to play one of these games which brings him back to the question i started this show with. are video games really to blame? for joining me now, a psychiatrist to things video games are responsible for gun violence. a gaming blogger with sentinel who says they're not to blame. travis, you say your video game player. you say they are not to blame. how so? >> i have been playing video games for around 17 years. at plated number of video games, and at the end of the day when we talk about sandy hook and viol
CNBC
Jan 7, 2013 12:00pm EST
authority to do it even though they don't think they have that power. >> i'm glad we snuck that in this morning. john harwood, thank you. let's get to scott wapner and the fast mope halftime. >> carl, thanks so much. welcome to the halftime show, four hours to go until the close on this monday. here is where we stand on the street right now. basically, at the lows of the day for the major averages. this coming off the best close in stocks for over a year. fed fight, why the battle inside the central bank is more serious than you think and what it means for your money.. debate it, netflix tops $1 hunl for the fist time in four months. is it in your portfolio? but first, our top stories, bull run. stocks sitting near five-year highs. we're trading the markets today with virtual john najarian, josh brown and joe tear knranova. is the bull market just getting started or about to end? >> i've told you since the beginning of the year, that's not where the focus is for me. the focus is on the individual sectors. you're get ago pullback today on the financials. they're going throw
CNBC
Jan 7, 2013 5:00pm EST
to jump in after that kind of run where we had the s&p up, i don't know, 60 handles, whatever it is. but i'm long what i'm still long. i haven't sold much of anything at all. just taking tiny stiticks. very interested to see how the banks come out. see that this week starting with the ones i like next week. i haven't -- i'm not a wholesale seller here. i think the only thing really worried me is fireworks on the debt ceiling in the next month. >> right. before i get the opinion of this side of the desk, i want to walk through. there are people at home who are saying, stocks are near five-year highs but my portfolio does not refrequent and that's because, well, look at the performances. financials are still down 52% from their peak. utilities, industrials lagging. if you held onto u.s. steel, alcoa, citigroup of bank of america hoping for a bounce back, you are still out of luck. they're down more than 75% since the s&p 500 peak. do you stick with what's work, apple, tjmaxx, priceline, or do you double down on the weakli weaklings? that's what we saw coming out of the woodwork with analyst
CNBC
Jan 10, 2013 4:00am EST
forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is coming out of the market. >> yeah. it appears to be the case. and we have something to watch today in spain, as well. it's the first bond auction of the year for the al beeran company. the treasury is slashing the debt market up to 5 billion euros since 2013. lloyd's expects a positive results with the first take up. it will be the first issue to feature a collective action clause, designed to make it easier for the government to restructure debt in the case of future crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security te
CNBC
Jan 9, 2013 9:00am EST
israel striking iran to prevent this from happening. and nothing has happened. so i don't think anything is going to happen. and iran is going to continue to move forward with its nuclear development project. >> and we'll -- >> we'll have to learn to live with a contained iran rather than preventing the enrichment from happening. >> byron, thank you, for joining us daet. we're going to remember all these. >> byron, we're going to have to have you back before another year goes by. then we're going to have to see -- batting 500 do you think? last year? >> well, last year was a little better than 500. >> okay. >> byron, thank you for being here. join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." the show's going well already. i'm carl, with melissa lee, jim cramer and david faber. we have earnings season officially under way. courtesy of alcoa, some pretty decent sentiment this morning. we'll talk about that with cramer in a moment. europe, numbers over there as well. germany industrial production did miss. green arrows
CNBC
Jan 11, 2013 4:00pm EST
that we need is we don't need the government in there trying to kill sentiment. we -- we absolutely need sending cuts. i saw you almost fell out of your chair when one of the previous guests said we don't have a spending problem in this country. we certainly need to get more fiscal restraint, but we cannot have the government holding sentiment hostage, and that really is an incredibly negative force that cannot happen this year if we're looking to have the market move forward. >> dan, let me bring you into the conversation here, the chief executive officer here. how are you allocating capital? >> doing it stock by stock. we think the market is on pretty stable ground right here, though when seagulls get together it's called a flock but when bad boons get together it's called a bad congress so that's something to worry about when you get closer to the next phase of the fiscal cliff discussion and global pmis are improving, stay pro cyclical, the again see and wyoming railroad continues to do well, tick symbol qgr, manitr oy s, maker of cranes, both stocks well-positioned this year. >> ben
FOX Business
Jan 6, 2013 8:00pm EST
priorities called for even higher tax hikes. >> i don't think that democrats are saying that we aren't having spending cuts. we have agreed to over a trillion dollars in cuts in the budget control act. so we all know how we proceed has to b in three parts. revenue and growth to bring money into the treasury in cts in establishing our priorities in a way that does not harm her future. >> our congressman joins us tonight to discuss the bates over the debt and gun control and immigration and whether the republicans have the guts and will to fight this president on those issues. the unemployment rate remaining flat. washington talking about everything right now but obs. we have a guest to talk about jobs coming out. and new york's putnam county. publishi the names and locations of gun owners. is the right to privacy overridden by a newspaper's ideology? we will take that us tonight. our first guest says that president obama's demand that do not be used in the bargaining is absolutely critical. our spending is out of control and the house has the leverage of controlling the nations pursestrings. j
FOX Business
Jan 8, 2013 1:00pm EST
. >> i don't know what's swinging more, the natural gas or weather reports. we are going back and forth. what's interesting in this report, natural gas prices, the spot prices, they fell a whopping 31%. that is incredible. the lowest prices for natural gas since 1999. you want an advertisement for shell gas production, that is it, and not only that, that shell gas production is cleaning the environment because we use more natural gas, using less coal, that means less greenhouse e mageses, and they are musing less emissions than they have in many years. great news today. >> wow, thank you so much. great report. >> thank you. >> okay, switching gears here to talk about the housing market. six years after the bubble burst, the consumer protection bureau set to outline a new set of home loan rules, but will the guidelines make the mortgage process transparent or add to confusion? asking someone who has a wealth of experience in the mortgage industry, bill emerson. great to have you with us. >> great to be here, lori. lori: what a year quicken had. $70 billion in loans closed versus the prio
CNBC
Jan 10, 2013 3:00pm EST
in front of. i don't think it's guys looking to buy and sell. i think these are guys that are seeing that this is the play right now. you're getting in front of it, and they are going to be right there right through the move. >> steven, you guys don't love the financials. we had your chief investment vat gist on "halftime" today, and financials aren't one of the top sectors that you guys are looking for. you're not looking for a big repeat in what we had in 2012. >> i think that's true. it's more of a stock selection than it is a benchmark relative, so relative to the benchmark we're underweight, but there are certain names we do like. they had a very, very good run. you bring up a very, very good point. if withy go back, what's the federal reserve trying to accomplish? they are forcing investors up the risk curve so what we're seeing is looking at valuations ultimately matter, as in the case of financials but globally diversified portfolio risk assets is where a lot of people will have to go, emerging markets, global credit. even in commodity space, a longer time horizon, unavoidabl
CNBC
Jan 10, 2013 5:00pm EST
. if we don't break above it and stay above it for more than a day, we'll see if wells fargo's enough to do that tomorrow, then i think it is vulnerable. >> yeah, speaking of which, bank stocks rallying once again today. wells fargo kicking things off tomorrow. can this run continue? let's take our positions ahead on the banks ahead of the reports. what is your inclination, dan, in terms of where you go here? long, short? >> wells fargo really set the, you know, set the agenda last quarter, it had a very disappointing quarter on a bunch of different metrics. the brokers are breaking out here to multi-month highs here. and citigroup massively outperforming. b.k. and i were talking about this for the last couple days. these stocks have massively outperformed. not wells fargo, but the banks and money centers for the last four months. they probably need to pause before they can go much higher. i know they're cheap but we need to see visibility for the balance of the year. >> just this year, financials are up more than 4%. goldman sachs, not just a month higher here, the highest level sinc
FOX
Jan 8, 2013 7:00am PST
of the store. antioch police were here taking down any information. but we don't know any suspects' descriptions at this point. but at this moment, the clerk refused medical attention. he's working this morning. he says that he's a little bit spooked out by what happened. but he will continue to work until the owner gets here. roughly around 9:00 this morning. he also says he just started this job about a week ago. we're live in antioch, brian flores, ktvu channel 2 news. >>> police in gilroy are looking for a man they say tried to pick up an 11-year-old girl walking home. it happened on monterey road last week. police say the man offered her a ride but when another driver saw what was happening. he took off. police say the man was driving a ford green 2000 astrovan. the suspect is described as an hispanic man between 50 to 60 years old with short black here and a mustache. >>> petaluma police are also investigating a similar incident. yesterday, a 14-year-old girl reported that a man asked her to get into his car just outside westside elementary school. police say the girl kept wa
CNBC
Jan 8, 2013 2:00pm EST
to boeing and its ability to execute on the 787 dreamliner. don't forget ntsb we expect them to have an initial report regarding that fire sometime this afternoon out of boston. brian, back to you. >> okay. i'll picket up from there. those are a lot of headlines. thanks very much, phil. stick with us. i want to bring in a senior research analyst. he has an outperform rating on boeing. are you thinking of changing that rating? >> no, i think this is a tactical issue. the boston fire issue was really related to an apu, may have been related to the prior electrical systems issues but it's not clear that it is. people are aware of the fuel leak issue. you know, i think these are teething issues, not to minimize them. i think if the ntsb felt that the post fire was a safety of flight issue, they probably would have grounded the fleet. >> what would make you change your rating? what more needs to come out? what new headline needs to come out to make you more concerned about this stock and the company? >> i would say near term i think the stock could be under some pressure. one thing you gu
FOX Business
Jan 7, 2013 4:00pm EST
. they don't need to hit home runs but they don't need to strike out right now. right now we're overweight japan. we're overweight the eurozone, high yield corporate bond and emerging markets. we're underweight u.s. treasurys and investment grade corporate bonds. and right now we've shifted from overweight to neutral for u.s. equities and we're shifting those assets more into the, overweight areas that i just mentioned. ashley: all right. on the other side of this equation, bob, you're some what are of a cautious bear. let's put it that way. what are you most worried about in the new year? >> when you look at what is driving markets, no question there is upward trend has developed and we think will continue but all based upon the fed creating liquidity of the as long as the fed is buying $100 billion a month of mortgage-backed securities and treasurys and putting on that liquidity in the market it has to find a place to go and we think for now it will be into the equity markets. there was a slight increase in the 10-year-year-old yesterday. there is possibility also you could have machine
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